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Regeneron shares up premarket after Q4 revenue doubles and blows past estimates

Regeneron shares up premarket after Q4 revenue doubles and blows past estimates

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Regeneron Pharmaceuticals Inc. shares REGN, -0.35% rose 1.8% in premarket trade Friday, after the company doubled its fourth-quarter revenue as sales of its COVID-19 antibody treatment came to $2.3 billion. The company posted net income of $2.229 billion, or $19.69 a share, for the quarter, up 94% from $1.149 billion, or $10.24 a share, in the year-earlier period.

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